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Updated almost 3 years ago on . Most recent reply

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Kat McLead
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Newbies don’t give up. It took 3 years, but I just closed on 16

Kat McLead
Posted

… units. 
1 10 unit apartment

1 4 plex

1 duplex

All in a bundled commercial loan. 

I was scared to pull the trigger for years, so took baby steps and kept studying. I started with a syndicate  and was ready to purchase a 4 plex at my husband’s urging. Instead this bundle presented itself, and we said yes. The deal was stressful with uncooperative sellers, but we closed.

Newbies, keep at it. 

Most Popular Reply

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9
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Kat McLead
18
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9
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Kat McLead
Replied

@Dave Carter 

We took out a commercial loan. All three properties were in one big loan. I thought you could not get a commercial loan without a 2 year track record and was looking at duplexes and quads. My hubby ignored all traditional advice, and got two commercial loans approved. It was a tough process with uncooperative sellers, but it is done!

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